Heaps Health Solutions, an AI-driven healthtech B2B SaaS platform, secured Rs 550 million in a Series A round from high-net-worth individuals and family offices on Monday. The Rajiv Dadlani Group and Mumbai-based NVS Wealth Managers, founded by Nalin Shah and Jesal Shah, led the round.
The worldwide healthtech platform and SaaS provider, founded by Dr Suman Katragadda, uses advanced data analytics, artificial intelligence, and machine learning to transform healthcare delivery and payment methods. Patients, payers (insurance companies), providers (hospitals), and huge corporations are all part of its clientele.
The Hyderabad-based firm intends to use the new funds to grow its staff, speed product development and optimization, and expand into existing and new markets.
Over the course of five years, HEAPS has developed a solid platform based on substantial research, inputs from five million patient encounters, and a diversified team of medical professionals, specialists, clinicians, and domain experts from India and the United States. The platform facilitates patient care coordination and management, and it is powered by cutting-edge machine learning and Artificial Intelligence technologies that allow care management plans to be tailored to the specific needs of each patient or policyholder.
Sharing his views, Suman Katragadda, Founder and CEO, said, “HEAPS aims to revolutionise health care delivery and payment models at a global level and offers highly-optimised, automated and AI-based patient engagement platforms to insurers, hospitals, and corporations… We are extremely happy with the support and trust our investors have shown in us. They have an impeccable track record in investing and scaling-up businesses profitably, along with strong healthcare domain expertise.”